Switch to use of new Python-generated puf.csv file

RELEASES.md

@@ -21,8 +21,21 @@ Release 0.9.0 on 2017-??-??
   [[#1427](https://github.com/open-source-economics/Tax-Calculator/pull/1427)
   by William Ensor]
 
+- Add repeal personal exemptions for dependents under age 18 reform option
+  [[#1428](https://github.com/open-source-economics/Tax-Calculator/pull/1428)
+  by Hank Doupe]
+
+- Switch to use of new improved puf.csv input file, which causes small
+  changes in tax results
+  [[#1429](https://github.com/open-source-economics/Tax-Calculator/pull/1429)
+  by Martin Holmer]
+
 **Bug Fixes**
-- None
+
+- Fix logic of gross casualty loss calculation by moving it out of
+  Tax-Calculator and into the taxdata repository
+  [[#1426](https://github.com/open-source-economics/Tax-Calculator/pull/1426)
+  by Martin Holmer]
 
 Release 0.8.5 on 2017-06-08
 ---------------------------
@@ -38,9 +51,9 @@ Release 0.8.5 on 2017-06-08
   [[#1375](https://github.com/open-source-economics/Tax-Calculator/pull/1375)
   by Anderson Frailey]
 - Add policy reform file for the Renacci reform
-  [[#1376](https://github.com/open-source-economics/Tax-Calculator/pull/1376)
-  , [#1383](https://github.com/open-source-economics/Tax-Calculator/pull/1383)
-  , and
+  [[#1376](https://github.com/open-source-economics/Tax-Calculator/pull/1376),
+  [#1383](https://github.com/open-source-economics/Tax-Calculator/pull/1383)
+  and
   [#1385](https://github.com/open-source-economics/Tax-Calculator/pull/1385)
   by Hank Doupe]
 - Add separate ceiling for each itemized deduction parameter

taxcalc/comparison/reform_results.txt

@@ -2,10 +2,10 @@
 PAYROLL TAXES
 ""
 Increase the Social Security payroll tax rate by 1pts
-Tax-Calculator,62.1,64.5,68.0,70.8
+Tax-Calculator,62.0,64.3,67.7,70.5
 ""
 Increase the maximum taxable earnings (177500) for the social security payroll tax
-Tax-Calculator,54.9,64.3,60.0,62.0
+Tax-Calculator,51.2,60.2,56.4,58.4
 Budget Options,40,46,49,51
 ""
 Increase the payroll tax rate for Medicare (HI) by 1pts
@@ -21,25 +21,25 @@ Tax-Calculator,0.8,0.9,1.0,1.1
 SOCIAL SECURITY TAXABILITY
 ""
 Exclusion of untaxed social security and railroad retirement
-Tax-Calculator,38.4,39.6,41.3,43.4
+Tax-Calculator,38.7,39.9,41.4,43.6
 Tax Expenditure,39,42,44,47
 Budget Options,35,37,38,40
 ""
 ADJUSTMENTS
 ""
 Net exclusion of KEOGH plan
-Tax-Calculator,7.1,7.3,7.6,8.0
+Tax-Calculator,7.5,7.8,8.1,8.4
 Tax Expenditure,9,10,11,16
 ""
 Deduction for student loans
 Tax-Calculator,1.7,1.8,1.9,2.0
 Tax Expenditure,2,2,2,2
 ""
 Eliminate adjustment for self-employment tax
-Tax-Calculator,4.1,4.3,4.7,5.0
+Tax-Calculator,4.2,4.3,4.7,5.0
 ""
 Eliminate adjustment for self-employed health insurance
-Tax-Calculator,5.7,5.9,6.1,6.4
+Tax-Calculator,6.0,6.1,6.3,6.4
 ""
 Eliminate adjustment for alimony payments
 Tax-Calculator,2.1,2.2,2.3,2.4
@@ -50,7 +50,7 @@ Tax-Calculator,0.1,0.1,0.1,0.1
 EXEMPTION
 ""
 Increase personal and dependent exemption amount by 1000
-Tax-Calculator,-32.3,-34.5,-39.2,-40.7
+Tax-Calculator,-32.4,-34.5,-39.1,-40.6
 ""
 Increase personal exemption phaseout starting AGI by 10,000
 Tax-Calculator,-0.1,-0.1,-0.1,-0.2
@@ -69,31 +69,31 @@ Tax-Calculator,-0.2,-0.3,-0.4,-0.5
 ITEMIZED DEDUCTION
 ""
 Real Estate
-Tax-Calculator,36.0,38.1,40.1,42.1
+Tax-Calculator,36.0,38.1,40.0,41.9
 Tax Expenditure,34,36,39,41
 ""
 Home Mortgage
-Tax-Calculator,69.4,74.7,79.8,84.6
+Tax-Calculator,69.6,74.9,80.1,84.7
 Tax Expenditure,75,82,88,93
 ""
 Both real estate and state and local
-Tax-Calculator,101.6,107.6,113.2,118.6
+Tax-Calculator,101.2,107.2,113.0,118.5
 Tax Expenditure,75,82,88,93
 ""
 State & Local
-Tax-Calculator,67.3,70.9,74.3,77.4
+Tax-Calculator,66.9,70.3,73.9,77.4
 Tax Expenditure,59,63,67,71
 ""
 Medical
-Tax-Calculator,8.0,8.4,7.8,8.0
+Tax-Calculator,8.2,8.6,7.9,8.1
 Tax Expenditure,11,12,13,14
 ""
 Casualty
-Tax-Calculator,0.5,0.5,0.5,0.6
+Tax-Calculator,0.5,0.5,0.5,0.5
 Tax Expenditure,0,0,0,0
 ""
 Charitable
-Tax-Calculator,46.7,49.3,51.8,54.1
+Tax-Calculator,46.8,49.5,52.0,54.3
 Tax Expenditure,46,47,48,50
 ""
 Decrease AGI floor for miscellaneous expenses by 1 pts
@@ -106,79 +106,79 @@ Increase Itemized Deduction phaseout starting AGI by 10,000
 Tax-Calculator,0.1,0.1,0.0,0.0
 ""
 Increase Itemized Deduction phaseout rate by 1 pts
-Tax-Calculator,4.4,4.6,4.8,4.9
+Tax-Calculator,4.3,4.5,4.7,4.9
 ""
 limit the tax value of ID to 6% of AGI
-Tax-Calculator,19.9,20.8,21.9,22.9
+Tax-Calculator,20.0,21.0,22.1,23.1
 Budget Options,11,9,8,7
 ""
 CAPITAL GAIN
 ""
 Increase long term cap gain and dividends tax rates by 2 percentage, no behavioral response
-Tax-Calculator,18.5,19.9,20.2,20.4
+Tax-Calculator,18.4,19.9,20.2,20.4
 ""
 Increase long term cap gain and dividends tax rates by 2 percentage, BE_cg elasticity assumed to be -3.67
-Tax-Calculator,4.3,4.4,4.6,4.7
+Tax-Calculator,4.3,4.5,4.6,4.7
 Budget Options,5,5,5,6
 ""
 REGULAR TAXES
 ""
 Increase each bracket rate by 1%
-Tax-Calculator,58.8,61.3,64.1,66.5
+Tax-Calculator,58.8,61.3,64.0,66.5
 Budget Options,56,60,65,69
 ""
 Increase top 4 rates by 1%
-Tax-Calculator,14.3,14.9,15.4,15.7
+Tax-Calculator,14.2,14.7,15.3,15.8
 Budget Options,11,12,14,15
 ""
 Increase top 2 rates by 1%
-Tax-Calculator,9.4,9.7,9.9,10.0
+Tax-Calculator,9.2,9.5,9.8,10.0
 Budget Options,7,8,9,10
 ""
 Alternative Minimum Tax
 ""
 Increase exemption amount by 1000
-Tax-Calculator,-1.1,-2.4,-3.8,-4.0
+Tax-Calculator,-1.1,-2.4,-3.9,-4.1
 ""
 Alternative Minimum Tax
 ""
 Increase exemption phaseout starting AMTI by 10,000
-Tax-Calculator,-2.5,-3.2,-4.0,-4.2
+Tax-Calculator,-2.6,-3.3,-4.2,-4.3
 ""
 Alternative Minimum Tax
 ""
 Increase exemption phaseout rate by 2 pts
-Tax-Calculator,2.7,2.9,3.1,3.2
+Tax-Calculator,2.7,3.0,3.1,3.3
 ""
 Alternative Minimum Tax
 ""
 Increase AMT rate under the surtax threshold by 2 pts
-Tax-Calculator,27.9,29.8,31.4,33.0
+Tax-Calculator,28.4,30.4,32.2,33.6
 ""
 Alternative Minimum Tax
 ""
 Increase AMT rate above the surtax threshold by 2 pts
-Tax-Calculator,9.1,9.6,10.2,10.7
+Tax-Calculator,9.2,9.8,10.4,10.8
 ""
 Increase AMT surtax threshold by 10,000
 Tax-Calculator,-0.5,-0.7,-0.9,-0.9
 ""
 NONREFUNDABLE CREDIT
 ""
 Total expenditure from child tax credit
-Tax-Calculator,50.9,50.3,49.7,49.2
+Tax-Calculator,51.2,50.6,50.0,49.4
 Tax Expenditure,57,57,57,57
 ""
 Increase Child Tax Credit phaseout rate by 1 pts
-Tax-Calculator,0.5,0.5,0.6,0.6
+Tax-Calculator,0.5,0.5,0.5,0.6
 ""
 Increase Child Tax Credit phaseout starting MAGI by 1000
 Tax-Calculator,-0.2,-0.2,-0.2,-0.2
 ""
 REFUNDABLE CREDIT
 ""
 Earned income tax credit, total
-Tax-Calculator,65.5,64.8,64.7,66.3
+Tax-Calculator,65.7,65.0,64.9,66.3
 Tax Expenditure,70,71,72,70
 ""
 Increase EITC phaseout rate by 1 pts
@@ -199,7 +199,7 @@ Tax-Calculator,0.0,0.0,0.0,0.0
 OTHER TAXES
 ""
 Eliminate Net Investment Income Tax
-Tax-Calculator,-37.1,-40.1,-40.6,-40.9
+Tax-Calculator,-36.8,-39.8,-40.4,-41.1
 Tax Expenditure,-33,-35,-37,-39
 ""
 Increase Net Investment Income Tax threshold by 10,000
@@ -208,13 +208,13 @@ Tax-Calculator,-0.4,-0.4,-0.4,-0.4
 PERSONAL REFUNDABLE CREDIT
 ""
 Increase Personal Refundable credit amount to 1000
-Tax-Calculator,-164.9,-170.6,-177.5,-184.4
+Tax-Calculator,156.2,159.8,164.5,170.3
 ""
 Increase Personal Refundable credit amount to 1000 with phaseout starting at AGI 10,000 and phaseout rate at 0.01
-Tax-Calculator,-109.3,-112.6,-116.8,-121.2
+Tax-Calculator,145.1,148.7,153.5,159.0
 ""
 FAIR SHARE TAX
 ""
 Increase FST rate from zero to 0.30 beginning in 2017
-Tax-Calculator,41.7,41.6,41.5,41.9
+Tax-Calculator,41.5,41.9,42.0,42.8
 Tax Foundation: 321 ten-year(2016-25) static estimate

taxcalc/current_law_policy.json

@@ -1023,11 +1023,11 @@
 
     "_ID_Casualty_frt": {
         "long_name": "Deduction for casualty loss; floor as a decimal fraction of AGI",
-        "description": "Taxpayers are eligible to deduct the portion of their casualty loss exceeding this fraction of AGI.",
+        "description": "Taxpayers are eligible to deduct the portion of their gross casualty losses exceeding this fraction of AGI.",
         "section_1": "Itemized Deductions",
         "section_2": "Casualty",
         "irs_ref": "Form 4684, line 17, in-line.",
-        "notes": "This rate cannot be decreased to lower than 0.1 due to lack of data. ",
+        "notes": "This rate cannot be decreased to lower than 0.10 due to lack of data. ",
         "row_var": "FLPDYR",
         "row_label": ["2013"],
         "start_year": 2013,

taxcalc/functions.py

@@ -345,12 +345,11 @@ def AGI(ymod1, c02500, c02900, XTOT, MARS, sep, DSI, exact,
 
 @iterate_jit(nopython=True)
 def ItemDed(e17500, e18400, e18500,
-            e20500, e20400, e19200, e19800, e20100,
+            g20500, e20400, e19200, e19800, e20100,
             MARS, age_head, age_spouse,
             c00100, c04470, c17000, c18300, c20500, c19200,
             c20800, c21040, c21060, c19700,
             ID_ps, ID_Medical_frt, ID_Medical_frt_add4aged, ID_Medical_hc,
-            ID_Casualty_frt_in_pufcsv_year,
             ID_Casualty_frt, ID_Casualty_hc, ID_Miscellaneous_frt,
             ID_Miscellaneous_hc, ID_Charity_crt_all, ID_Charity_crt_noncash,
             ID_prt, ID_crt, ID_c, ID_StateLocalTax_hc, ID_Charity_frt,
@@ -423,7 +422,7 @@ def ItemDed(e17500, e18400, e18500,
 
         e20400 : Total miscellaneous expenses
 
-        e20500 : Net [of disregard] casualty or theft loss
+        g20500 : Gross casualty or theft loss (before disregard)
 
     Returns
     -------
@@ -453,12 +452,7 @@ def ItemDed(e17500, e18400, e18500,
     c19700 = max(0., c19700 - charity_floor) * (1. - ID_Charity_hc)
     c19700 = min(c19700, ID_Charity_c[MARS - 1])
     # Casualty
-    if e20500 > 0.0:  # add back to e20500 the PUFCSV_YEAR disregard amount
-        c37703 = e20500 + ID_Casualty_frt_in_pufcsv_year * posagi
-    else:  # small pre-disregard e20500 values are assumed to be zero
-        c37703 = 0.
-    c20500 = (max(0., c37703 - ID_Casualty_frt * posagi) *
-              (1. - ID_Casualty_hc))
+    c20500 = max(0., g20500 - ID_Casualty_frt * posagi) * (1. - ID_Casualty_hc)
     c20500 = min(c20500, ID_Casualty_c[MARS - 1])
     # Miscellaneous
     c20400 = e20400

taxcalc/growdiff.json

@@ -196,7 +196,7 @@
 
     "_ATXPY": {
         "long_name": "ATXPY additive difference from default projection",
-        "description": "Default projection is in growfactors.csv file.  ATXPY extrapolates input variables: e00700, e00800, e01400, e01500, e01700, e03150, e03210, e03220, e03230, e03300, e03400, e03500, e07240, e07260, p08000, e09700, e09800, e09900, e11200, e18400, e18500, e19800, e20100, e20400, e20500, e07600, e32800, e58990, e62900, e87530, p87521 and cmbtp.",
+        "description": "Default projection is in growfactors.csv file.  ATXPY extrapolates input variables: e00700, e00800, e01400, e01500, e01700, e03150, e03210, e03220, e03230, e03300, e03400, e03500, e07240, e07260, p08000, e09700, e09800, e09900, e11200, e18400, e18500, e19800, e20100, e20400, g20500, e07600, e32800, e58990, e62900, e87530, p87521 and cmbtp.",
         "section_1": "",
         "section_2": "",
         "notes": "",